Baidu's stock (BIDU) fell in the intraday levels amid the dominance of the downward correctional short-term trend, while hurt by a negative pattern that formed recently, the Head and Shoulders pattern, as it suffered from negative pressure from the 50-day SMA, countered with positive signals from the RSI.
Therefore we expect more losses for the stock, targeting the support of 185.23, provided the resistance of 229.89 holds on.
Expected trend for today: Bearish
Comcast's stock fell 0.13% in the last session after touching the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term wave, while hurt by piercing the upside trend line recently, as it also suffered from negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 52.36, provided the resistance of 55.21 holds on.
Expected trend for today: Bearish
Cisco Systems stock fell 0.52% in the last session, while gathering positive momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels, coupled with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 52.86.
Expected trend for today: Bullish
eBay's stock rose 1.10% in the last session after leaning on the 50-day SMA, lending it positive momentum amid the dominance of the main upward trend, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 64.97.
Expected trend for today: Bullish